596.8 Million (excluding VAT). Having considered the matter, the Company was of the view that the price proposed by CH. Karnchang was reasonable and lower than that as inspected and appraised by the
Analysis For 4Q19 and FY2019 P a g e | 2 Despite the lower hotel revenue from the closure of Dusit Thani Hotel Bangkok at the beginning of the year with carrying hotel staff cost, the Company reported the
of September 30, 2017 is lower to 1.5 times. The proceed was primarily used to repay corporate loan from financial institutions in an aggregate amount of Baht 4,600 million and loan from shareholder in
transaction size of 30.24% of net profit of the Company’ s consolidated financial statements as of 30 September 2017. The transaction size is higher than 15% threshold criteria but lower than 50% threshold
the value of approximately Baht 596.8 Million (excluding VAT). Having considered the matter, the Company was of the view that the price proposed by CH. Karnchang was reasonable and lower than that as